Sei Investments Co. Has $592,000 Stake in Pitney Bowes Inc. $PBI

Key Points

• Sei Investments Co. increased its stake in Pitney Bowes Inc. by 185.2%, now owning 68,934 shares valued at approximately $592,000.
• Pitney Bowes has recently implemented a $400 million stock repurchase plan, indicating a belief that the stock is undervalued.
• The company declared a quarterly dividend increase to $0.08 per share, up from $0.07, signaling growing financial health.

Sei Investments Co. raised its stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 185.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,934 shares of the technology company's stock after buying an additional 44,767 shares during the quarter. Sei Investments Co.'s holdings in Pitney Bowes were worth $592,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. KBC Group NV bought a new stake in shares of Pitney Bowes in the first quarter worth $65,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Pitney Bowes during the first quarter worth $98,000. PharVision Advisers LLC bought a new stake in Pitney Bowes during the fourth quarter worth $107,000. PFG Investments LLC raised its position in Pitney Bowes by 14.6% during the first quarter. PFG Investments LLC now owns 12,884 shares of the technology company's stock worth $117,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Pitney Bowes during the first quarter worth $124,000. Institutional investors own 67.88% of the company's stock.

Analyst Ratings Changes

PBI has been the topic of several analyst reports. Wall Street Zen lowered shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 15th. Sidoti upgraded shares of Pitney Bowes to a "hold" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Pitney Bowes presently has a consensus rating of "Hold".

Pitney Bowes Stock Down 0.0%

Shares of PBI stock traded down $0.0050 on Thursday, reaching $11.3350. The company had a trading volume of 1,195,353 shares, compared to its average volume of 2,624,017. The stock has a market capitalization of $1.95 billion, a PE ratio of -18.91, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. Pitney Bowes Inc. has a one year low of $6.22 and a one year high of $13.11. The business's 50-day moving average is $11.27 and its 200 day moving average is $10.02.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.27 EPS for the quarter, hitting analysts' consensus estimates of $0.27. The firm had revenue of $461.91 million during the quarter, compared to analysts' expectations of $475.92 million. Pitney Bowes had a negative net margin of 5.60% and a negative return on equity of 38.01%. The business's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.200-1.400 EPS. On average, sell-side analysts forecast that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 11th will be issued a $0.08 dividend. This is a boost from Pitney Bowes's previous quarterly dividend of $0.07. The ex-dividend date is Monday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 2.8%. Pitney Bowes's dividend payout ratio (DPR) is -53.33%.

Pitney Bowes announced that its board has authorized a share repurchase plan on Wednesday, July 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to reacquire up to 18.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Insider Transactions at Pitney Bowes

In related news, EVP Deborah Pfeiffer sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $12.14, for a total value of $424,900.00. Following the completion of the transaction, the executive vice president owned 115,405 shares in the company, valued at $1,401,016.70. This trade represents a 23.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.00% of the stock is currently owned by company insiders.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.